After rapid development in 2017, the blockchain industry has stagnated. The players in the blockchain and crypto world have been accelerating the various implementations in financial services, supply chain management, smart manufacturing, social welfare, cultural entertainment, education, etc. while continuing to study and research in the public chain, wallet, exchange, DApps, DeFi and other technologies. Nevertheless, the blockchain sector lacks the silver bullets on technical frameworks and applications to promote another new wave of development and to reach the adoption among common people.
The topic of the second Cointelegraph China HUB LIVE is Ystar: Starting the commercialization of blockchain.
Cointelegraph China HUB is an online interview show initiated by Cointelegraph China. Speaking with the leaders of the blockchain and cryptocurrency world, we discuss the development opportunities and challenges of the industry segments today and how businesses can break through the current situation to eventually lead in the future. HUB LIVE is the video column of HUB. The second livestream had Ystar — the black technology platform of application streaming — and invited its founder, Alex Wang, as the guest. The host is Tracy Zhang, the chief business development officer of Cointelegraph China, with Kevin Shao, the executive of Canaan Blockchain, and Kevin Ren, the founding partner of Consensus Lab as special guests. For the second edition of the show, Wang described and detailed the core of Ystar technology, its business model design and future development strategy.
About Ystar
Based on the Yotta chain, Ystar greatly reduced or even removed the barriers for the public to enter the blockchain sector. The trouble for users in understanding terminologies, such as mnemonics and private keys, is completely overcome by the technical team through the unique key management designed by Wang. Even newcomers can easily manage their keys before they know what a key is.
About the guest
Alex Wang is an international top cryptography application scientist and the founder of the famous storage public chain, YottaChain. He is also a well-known entrepreneur who has rich experience in social governance. Having more than 20 years of experience in cryptography applications, Wang has invented dozens of the world’s leading technologies and created several milestone projects in China’s IT industry. Additionally, he owns over 200 patents in the United States, Europe, Japan and China.
Highlights
In the future, blockchain technology will have a greater impact and influence in the world than the internet ever did.
The internet had just created a new form of business. Blockchain technology, however, has not only done the same but also created a new way to do economics, a new way to organize, and a new social form.
Ystar’s value to blockchain technology is like a browser’s to the internet.
YottaChain is quite outstanding in core technical indicators, such as data persistence, security and price, and its engineering capabilities are strong. That’s why YottaChain will go online sooner rather than later.
Ystar allows users to use blockchain technology with no barriers. Ystar and YottaChain are independent while supporting each other at the same time. Their relationship is akin to those between Windows and Office.
Ystar uses the strongest zero-knowledge encryption based on ECC25519. Even if the Ystar’s administrators help to do evil, it can’t be attacked by the best hackers in the world.
The Ystar token (YSR) has been listed on Bithumb Global since May 1. After YSRs have all been mined, Ystar will be a bigger user ecosystem than Google, Facebook and Tencent combined.
The core business goal of Ystar system is to remove the barriers of technology and user experience in order to become the largest user traffic pool and to connect 4.4 billion internet users and various blockchain applications.
The greater the digital ecosystem is, the bigger the spatial value of blockchain technology — which will benefit the blockchain industry.